three/4th of demand raised by I-T after searches not upheld, says CAG

2020/09 27 20:09


A report by the Comptroller and Auditor Normal discovered that an undisclosed earnings of Rs 19,108.30 crore unearthed throughout searches didn’t maintain at appellate stage in 2018-19.


This was as a result of additions have been made associated to transactions based mostly on the paperwork discovered, which have been disclosed by the assessee. Additions have been made on assumptions and within the evaluation yr apart from the related yr.


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Additional, provisions and sections below which additions have been made weren’t clearly talked about within the order.

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